Shares of Boeing (BA.US) are trading over 3% higher in premarket today after the company reported financial data for Q1 2023. Results turned out to be a positive surprise. While core loss per share turned out to be deeper than expected, the company managed to deliver a solid revenue beat. Moreover, cash burn at the company is not as intense as expected with operating and free cash flow beating expectations significantly.
Q1 2023 highlights
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือ- Core EPS: -$1.27 vs -$0.97 expected
- Revenue: $17.92 billion vs $17.43 billion expected
- Operating cash flow: -$0.32 billion vs -$1.49 billion expected
- Adjusted free cash flow: -$0.79 million vs -$1.86 billion expected
Full-year guidance (unchanged)
- Adjusted free cash flow: $3.0-5.0 billion
- Operating cash flow: $4.5-6.5 billion
- Aircraft deliveries: 400-450
Boeing reported its seventh quarterly loss in a row as the company is yet to recover from damage caused by two deadly 737 MAX crashes and subsequent groundings. Boeing said that it is producing 787 planes at a rate of 3 per month and plans to increase it to 5 per month in late-2023. The company said that recent flaws found in its 737 planes will not dent its delivery and cash-generation targets but there are concerns that it may negatively impact delivery schedules.
Boeing is trading over 3% higher in premarket today. Current premarket quotes point to opening of today's cash trading session near recent local highs. In such a scenario, overall technical picture for the stock would be left unchanged - price continues to trade in a range marked with 50% and 61.8% retracements and direction of a breakout would likely determine direction of the next big move.
Source: xStation5
